Xinfeng government will fully cooperate with the application of rare earth mining warrants

It is understood that , in order to ensure that the color of Southern Rare Earth 7000 tons / year of raw material supply of rare earth separation project , the new County People's Government will actively support the color Southern Rare Earth project construction , fully cooperate with the color of the South Rare earth mining license application for the work .

For the mining rights will not be granted if there is a risk of the color of shares insider said : "We and the local governments will follow the progress of the project together with the competent government departments to actively apply . "

According to statistics, in 2007 the color of shares 7,000 tons / year of rare earth rare earth separation project run by the National Development and Reform Commission approval ; April 18, 2013 , the NDRC agreed that the color Southern Rare Earth in Guangdong Shaoguan Xinfeng domestic investment and construction of 7,000 tons / year rare earth separation project ; October 9, 2013 , the color of Southern Rare Earth with new County people's Government of Guangdong Province signed the " About 7,000 tons / year of rare earth separation project investment and construction agreement ."

According to statistics, Guangdong Shaoguan Xinfeng County rich in rare earth resources , the existing ore reserves of 20 million tons of rare earth , where specific ion adsorption type rare earth ore reserves of more than 120,000 tons .

According to reports, China's rare earth is centrally managed , rare earth investment , export quotas, mandatory production plans belong to different government departments. The mining rights are issued by the Ministry of Land , apply for a mining certificate also needs the consent of the local government .

Insiders said that the agreement signed with the new requirements of the local County government for the project to provide some of the necessary conditions, such as land , water , environment, construction and other aspects . The shares in the color and the new joint venture County - in color Southern Rare Earth ( Xinfeng ) Mines Ltd. ( tentative ) , by the company to apply for mining rights in Xinfeng, rare earth resources , specializing in rare earth mine development and operation , the color of the South rare invested 6.7 million yuan , accounting for 67% of the shares.


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